HSBC and Mastercard pilot AI agents for automated e-commerce payments

It automates procurement and payments between corporate buyers and suppliers.

HSBC and Mastercard are piloting an agentic commerce flow that automates purchasing and payments for businesses.

The Singapore pilot connects a procurement ecosystem of corporate buyers and suppliers in an end-to-end agentic artificial intelligence (AI) journey build by Mastercard Agent Pay.

It will also have tokenised payments, merchant discovery, and referral capabilities.

SourceSage, a Singapore-based procurement platform, and FortyTwo, an e-commerce supplier, are involved in the pilot.

“This pilot demonstrates the potential power of agentic commerce once buyers, suppliers, and payment platforms are connected,” HSBC said in a news release.